In today’s briefing:
- SPH Shareholders – SPH REIT Options Decay in Value
SPH Shareholders – SPH REIT Options Decay in Value
- Shares in Singapore Press Holdings (SPH SP) stopped trading a week ago. The election period to choose cash or cash and SPH REIT shares started yesterday.
- The OBVIOUS choice is to take the cash. But you have ten days to see SPH REIT gain 2% to change your mind.
- I note Keppel wanted SPH back when SPHREIT was worth a fair bit less, but at that time they didn’t want SPHREIT when an MGO would have been cheaper.
Before it’s here, it’s on Smartkarma
